Work

Land value capture in practice: Unpacking the experience of Naranjal through a spatial (in)justice lens

Year: 2026

Type: article

Abstract: Land-value capture (LVC) has gained traction as a self-financing instrument for urban development. This article examines its opportunities and limits through a single case study, the Naranjal Partial Urban Renewal Plan, a large-scale, municipally led intervention in a low-income neighbourhood of Medellín. Anchored in Soja’s spatial justice, it advances a framework to identify LVC (in)justices across three dimensions: influence over spatial production, distribution of costs and risks, and the spatial allocation of socially valued resources. Case evidence shows that, in the absence of early public investment and sustained institutional–political support, LVC instruments generated revenue neither sufficient nor timely to fund infrastructure and social mitigation, ultimately shifting costs and risks onto vulnerable, lower-income groups.

Source: Urban Studies

DOI: 10.1177/00420980251410497

Author: Erika Alejandra García Fermín

Institution: University of Manchester

Language: English

Topic: Urban Planning and Valuation

Subfield: Management, Monitoring, Policy and Law

Field: Environmental Science

Domain: Physical Sciences

SDGs: Sustainable cities and communities, Reduced inequalities, Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $3,900